India Wants Access to Your DMs: New Tax Law Targets Crypto Activity
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- New Income Tax Bill allows authorities to access digital data in financial investigations.
- WhatsApp and crypto forensics help uncover ₹90 crore in illicit crypto assets.
- Digital tools like Google Maps and Instagram aid in exposing financial crime syndicates.
A new draft Income Tax Bill presented by India’s Finance Minister Nirmala Sitharaman proposes sweeping powers for tax authorities to access citizens’ digital lives—including emails, social media communications, and financial accounts. A stated focus of this expanded reach is tracking cryptocurrency transactions to combat financial misconduct.
BREAKING:
— Kashif Raza (@simplykashif) March 26, 2025FM Nirmala Sitaraman on New Income Tax Bill, allows tax authorities to access your emails, social media, bank transactions, and trading accounts.
Crypto-Specific Investigations
-> WhatsApp messages helped track ₹90 crore in crypto assets and identify involved… pic.twitter.com/BxRFjPVOtA
New Bill Expands Tax Authority Reach into Digital Space
India’s current 1961 Income Tax Act primarily allows inspection of physical records like ledgers and accounting books. The existing law left ambiguity aroun…
The post India Wants Access to Your DMs: New Tax Law Targets Crypto Activity appeared first on Coin Edition.
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